Sarama Resources Ltd. — Director's Dealing 2024

Apr 16, 2024

Rule 3.19A.2

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity	Sarama Resources Ltd
ARBN	143 964 649

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Andrew Dinning
Date of last notice	23 January 2024

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Direct (1). Indirect (2),(3)
Nature of indirect interest(including registered holder)Note: Provide details of the circumstancesgiving rise to the relevant interest.Date of change	AD Capital Investment Trust (2)(Mr Dinning is a Director and Beneficiary)Miss Nina Solder (3)(Mr Dinning has non beneficial interest with ability tocontrol17 April 2024
No. of securities held prior tochange	•3,119,942 ordinary shares (1)•766,666 unquoted options exercisable at C$0.20each on or before 19 January 2025 (1)•1,916,666 unquoted options exercisable at A$0.16each on or before 20 April 2026 (1)1,323,333 ordinary shares (2)••325,000 CDIs (2)•100,000 unquoted options exercisable at A$0.15each on or before 21 June 2026 (2)•385,243 CDIs (3)

+ See chapter 19 for defined terms.

Class	•Ordinary Shares –Each Chess Depositary Interest(CDI) represents a beneficial interest in 1 ordinaryshare•Unquoted Options
Number acquiredNumber disposed	2,500,000Nil
Value/ConsiderationNote: If consideration is non-cash, providedetails and estimated valuation	A$50,000
No.ofsecuritiesheldafterchange	•3,119,942 ordinary shares (1)•766,666 unquoted options exercisable at C$0.20each on or before 19 January 2025 (1)•1,916,666 unquoted options exercisable at A$0.16each on or before 20 April 2026 (1)1,323,333 ordinary shares (2)••2,825,000 CDIs (2)•100,000 unquoted options exercisable at A$0.15each on or before 21 June 2026 (2)•385,243 CDIs (3)
Nature of changeExample: on-market trade, off-market trade,exercise of options, issue of securities underdividend reinvestment plan, participation inbuy-back	IssueofsecuritiesasparticipationinaPrivatePlacement announcedon 18December2023butsubject to shareholder approval obtained on 12 April2024

Part 2 – Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract	N/A
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to which
interest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed

+ See chapter 19 for defined terms.

Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation
Interest after change

Part 3 – +Closed period

Were the interests in the securities or contracts detailed	No
above traded during a +closed periodwhere prior written
clearance was required?
If so, was prior written clearance provided to allow the
trade to proceed during this period?
If prior written clearance was provided, on what date was
this provided?

+ See chapter 19 for defined terms.